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Why Do Estimates of the EMU Effect On Trade Vary so Much?

Andrew Rose ()

No 11532, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: Larger data sets, with more countries and a longer span of time, exhibit systematically larger effects of European monetary union on trade. I establish this stylized fact with meta-analysis and confirm it by estimating a plain-vanilla gravity model. I then explain this finding by examining systematic biases in "multilateral resistance to trade" manifest in time-varying country fixed effects; bias grows as the sample is truncated by dropping small poor countries.

Keywords: common; country; currency; exports; Gravity; meta; monetary; panel; span; union (search for similar items in EconPapers)
JEL-codes: F14 F33 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-int
Date: 2016-09
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Related works:
Journal Article: Why do Estimates of the EMU Effect on Trade Vary so Much? (2017) Downloads
Working Paper: Why Do Estimates of the EMU Effect On Trade Vary so Much? (2016) Downloads
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